CANADA STOCKS-TSX set to open lower ahead of Bank of Canada meeting

Wed Dec 3, 2014 7:37am EST
 
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Dec 3 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Wednesday ahead of Bank of Canada's rate decision meeting. The central bank is expected to keep interest rates unchanged.

December futures on the S&P TSX index were down 0.07 percent at 7.15 a.m. ET.

Bank of Canada's rate decision is due at 10.00 a.m. ET

Canada's main stock index closed marginally lower on Tuesday, with gains in energy and railway stocks offset by weakness from some major banks, gold miners and telecom companies.

Dow Jones Industrial Average e-mini futures were down 0.01 percent at 7.15 a.m. ET, while the S&P 500 e-mini futures were down 0.02 percent. Nasdaq 100 e-mini futures were down 0.02 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

TOP STORIES

Royal Bank of Canada reported a strong fourth-quarter profit on Wednesday, helped by double-digit earnings gains at its wealth management arm.

Chrysler Canada gained on Ford Motor Inc's Canadian unit for the second month in a row in November, pulling within 920 vehicles of the sales leader.

COMMODITIES AT 7.15 a.m. ET   Continued...